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[Ed DeRosa via Derby]

Terry Bjork warned us

On Mon, Aug 24, 2020 at 11:03 AM Sal Carcia via Derby <
derby@xxxxxxxxxxxxxxxxxxx> wrote:

> Here is an article from Thoroughbred Idea Foundation about how high volume
> bettors are killing the game. This has been a topic on this forum for
> years. Terry B has offered a consistent and knowledgeable perspective on
> the subject. He led the charge. After all these years the game is catching
> up.
>
> “Roughly 65% of all wagering on racing in Q2 2020 came from the major
> ADWs, like TVG, TwinSpires, Xpressbet and NYRA Bets. So if doors were
> closed to tracks, where did the rest originate? TIF estimates that
> approximately one-third of all wagering on American racing comes from
> entities we characterize as “high-volume betting shops,” or HVBS, which are
> the equivalent of private, high-end wagering platforms which do not need
> separate ADWs. As HVBS wagering increases, a series of disadvantages are
> created, increasing costs on all other bettors, and having the effect of
> reducing participation from, or outright eliminating, non-HVBS players.“
>
> Since 2003 the high volume bettors have increased by 114% and the other
> bettors decreased by 63%. I remember the NTRA study that predicted this
> years ago.
>
>
> https://files.constantcontact.com/caaf4766701/17d9fd14-5830-414b-b90d-202f8c29b24c.pdf
>
> Sal
>
>
>
>
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